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Economy

Aldi to open new distribution center in Loxley

ALDI U.S. — the growing grocery retailer — announced that it plans to construct a new regional headquarters and distribution center in Loxley to support the company’s growing footprint along the Gulf Coast. “We are eager for ALDI to expand its presence in our state,” said Alabama Gov. Kay Ivey. “We’re proud to stand behind … Continued
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July 28, 2020

Alabama’s unemployment rate dropped 2 points in June

The state added 42,300 jobs in June, bringing the unemployment rate to 7.5 percent, according to the Alabama Department of Labor. That’s down from 9.6 percent in May. June’s rate represents 165,770 unemployed people, compared to 216,043 in May. There are about 100,000 more people out of work than last June, when 65,389 unemployed put … Continued
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July 17, 2020

Seven counties get grants to expand internet access

Seven internet providers will receive $2.9 million in grants between them to extend broadband services in seven Alabama communities, Gov. Kay Ivey’s office announced on Thursday.  The grants were awarded through the Alabama Accessibility Fund that was created to extend service to homes, businesses and “community anchors” in unserved or underserved areas of the state. … Continued
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July 17, 2020

Pinnacle Renewable Energy gets Alabama’s Job Act incentives

Pinnacle Renewable Energy on Tuesday announced that its subsidiary, Alabama Pellets, has signed an agreement with the state of Alabama that provides Alabama Pellets with incentives for job creation under Alabama’s Job Act Incentives program. Canada’s Pinnacle holds a 70 percent interest in Alabama Pellets with The Westervelt Company and Two Rivers Lumber Co., LLC … Continued
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July 17, 2020

C Spire expands its high-speed internet to Jasper and Trussville

Mississippi-based telecommunications company C Spire announced Thursday that it has begun taking customer pre-orders in Alabama in the first two cities where it will provide high-speed broadband internet later this year. The company has franchise agreements to expand its service to additional sections of those communities as well as to Helena and Tuscaloosa in 2021. … Continued
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July 16, 2020

Gov. Kay Ivey announces creation of “Innovate Alabama”

Gov. Kay Ivey on Thursday announced the creation of a first-of-its kind statewide commission on entrepreneurship and innovation, meant to promote innovation across the state and cut red tape for those seeking to start new businesses. The 15-member Alabama Innovation Commission, to be known as Innovate Alabama, will allow innovators to “engage policymakers, exchange ideas … Continued
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July 16, 2020